Yesterday
NAB backs Federation Asset Management’s Homesafe acquisition
The agreement is a drop in the ocean for a big four bank with a $702 billion loan and advancement book.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Grow Inc raise upsized after strong demand; IPO on the horizon
A handful of new technology-focused investors will also join Grow’s register alongside venture capital funds AirTree and Five V Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
EQT-backed Five Good Friends hits auction block; stake up for grabs
A handful of Five Good Friends’ minority shareholders, including QIC and stockbroker Morgans, have hired Record Point to shop a 45 per cent stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bankers seeking their next big pay day are chasing these clients
Investment banks are now after riskier, smaller companies so they can pounce on the spoils of a trophy listing or a huge sale to private equity.
- Aaron Weinman
Resurgent Zip raises cash and pays big break fee to eliminate its debt
Zip has indicated it will push the accelerator on growth in the United States despite regulators investigating whether it has violated consumer protection laws.
- James Eyers
Azure, Natixis shop Brookfield-owned X-Elio’s Blue Grass solar project
Street Talk understands the Spanish renewable developer, a 100 per cent Brookfield-owned company, is seeking to part with its interest in the 200 megawatt-peak solar farm and battery project.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Argonaut Securities targets ECM growth with new hire
Street Talk understands the boutique stockbroker has tapped Foster Stockbroking head of corporate finance Rob Telford to grow its Perth presence.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Bankers target M&A financing as ASX hits record
Investment banks are hopeful a buoyant sharemarket will encourage ASX-listed companies to tap equity capital markets for growth.
- Aaron Weinman
Inside AirTrunk’s pitch to the world’s heaviest hitting investors
Also around the boardroom table: the same Blackstone team who ruled off a $US10 billion ($14.8 billion) takeover of QTS in 2021
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
CBA at $132? No one says ‘buy’, yet there are buyers
Commonwealth Bank is a tussle between active and passive investors, mums and dads and fund managers, and traditional valuation frameworks versus reality.
- Updated
- Anthony Macdonald
Adamantem Capital brings in investment bankers for Hellers sale
The private equity firm is sitting on a handful of ageing assets from its first fund that have been earmarked for a sales process.
- Aaron Weinman
Business with a smile: Genesis Capital ramps up fight for dental biz
With Genesis’ voting intentions out in the open, the coming weeks will see a flurry of activity in all camps.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Goldman Sachs
The Archegos Capital collapse shows nice bankers finish last
As Bill Hwang’s $50 billion family office went broke, the investment banks that tried to help came off worst, including UBS and Credit Suisse.
- Aaron Patrick
Private equity hunts for $66b in exits
Dozens of big name companies have sat with the same firms – from Quadrant to KKR – for longer than usual, with impatient investors pushing for returns.
- Aaron Weinman
Proxy advisers back J-Power’s Genex bid; eyes on Skip
Sources said ISS and Glass Lewis had both issued positive recommendations, telling their clients to vote in favour of J-Power’s “significant premium” 27.5¢ per share all-cash bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Online trading
Jarden pitches a new service for big emitters: carbon trading
The investment bank’s new carbon trading platform will complement an energy transition advisory team led by Matt Kean’s former chief of staff.
- Aaron Weinman
Crescent Capital in by the skin of its teeth at Pacific Smiles
The private equity firm is facing an uphill battle to secure its ASX-listed target, with private equity rival Genesis Capital looming large on the register.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Will private credit’s golden age come to an end?
This week on The Fin podcast, Jonathan Shapiro and Aaron Weinman on why private credit is booming, who’s making money from it and what happens if the golden age comes to an end.
How the chairman became the unquestioned power at this bank
Mark Tucker, the chairman of HSBC, has spent years establishing himself as the dominant figure at the heart of Europe’s largest financial group.
- Harry Wilson, Laura Noonan, Donal Griffin and Ambereen Choudhury
Perpetual’s $100m private debt pitch shies away from real estate
The fund manager is beefing up its $450 million listed credit fund, capitalising on a 10.2 per cent 12-month return.
- Aaron Weinman
